Wendy,
I sure don't fathom the European banking system. Here in the US, we
send you a check and in 2 or 3 days the amount is in your account. (There is
a Federal Reserve banking system which 'clears' the checks between banks.)
Everybody but the lowest income households have checking accounts.
Everybody uses their checking accounts to pay the electricity, water, gas,
phone, and other monthly bills. We just send off little bits of paper
(checks).
This works well because the checks cost us almost nothing...about $.25
each in printing costs to have your name and address plus bank account in
magnetic ink on the check. And, people usually don't write checks they don't
have money for in the bank.
I wish somebody would explain how it works in the EU. My US bank might
charge something for depositing a Canadian check in Canadian dollars, but
never for depositing a US check. Why are they charging for depositing a
check in Euros?
Regards, Bob S.
Wendy ([EMAIL PROTECTED]) writes:
<< I just recently won an auction on ebay.de
Sent the seller an international money order IN Euros. Royal Bank even
stated it was to be drawn on their account in Frankfurt.
Just heard back from the seller. His bank charged him 8.63 euros to cash it.
What!!!!!
What's even more annoying is that I have an account in the Netherlands IN
Euros and I can't get any Euros out to give to him. Before the euro, I had
Eurocheques that I could write in any european currency. Everything's going
backwards!
Progress? BAH! >>
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